New insider activity at Carpenter Technology ( (CRS) ) has taken place on March 7, 2025.
Director Viola L. Acoff recently sold 4,000 shares of Carpenter Technology stock, amounting to a transaction value of $807,320. This significant sale highlights a notable movement in the company’s stock holdings by one of its key executives.
Recent Updates on CRS stock
Carpenter Technology has recently made significant announcements impacting its stock’s outlook. The company appointed Julie A. Beck to its Board of Directors, bringing her extensive finance and manufacturing experience to enhance growth and shareholder returns. Additionally, Carpenter Technology announced a $400 million share repurchase plan and a $40 million annual dividend, reflecting a strong commitment to shareholder value. The company’s investor update highlighted expectations for materially higher adjusted operating income in fiscal 2026 compared to 2025, with a projected 25% annual earnings growth over the next two years. These developments led to an increase in the stock’s price target by analysts, who are optimistic about the company’s long-term growth trajectory, despite conservative OEM build rate assumptions.
More about Carpenter Technology
YTD Price Performance: 20.03%
Average Trading Volume: 950,531
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.09B